TIM A. MAKOWSKI - 19 May 2021 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
Vice President, Controller and Chief Accounting Officer
Signature
/s/ Tim A. Makowski, by Scott A. Cottrill as attorney-in-fact
Issuer symbol
WMS
Transactions as of
19 May 2021
Net transactions value
-$222,857
Form type
4
Filing time
21 May 2021, 18:00:32 UTC
Next filing
25 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Award $0 +6,182 +125% $0.000000 11,132 19 May 2021 Direct F1
transaction WMS Common Stock Award $0 +784 +7% $0.000000 11,916 19 May 2021 Direct
transaction WMS Common Stock Tax liability $188,360 -1,780 -15% $105.82 10,136 19 May 2021 Direct
transaction WMS Common Stock Tax liability $16,931 -160 -1.6% $105.82 9,976 19 May 2021 Direct
transaction WMS Common Stock Tax liability $17,566 -166 -1.7% $105.82 9,810 19 May 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WMS Option to Purchase Common Stock Award $0 +2,004 $0.000000 2,004 19 May 2021 Common Stock 2,004 $105.82 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects grant of performance-based units, orginally granted pursuant to the Issuer's 2017 Omnibus Incentive Plan, earned after the Issuer determined that certain performance goals for the performance period ended March 31, 2021 had been met. Total includes dividend equivalents in the amount of 356 shares, which dividend equivalents are settled in common stock.
F2 The options vest in three equal annual installments beginning on May 18, 2022, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.

Remarks:

Vice President, Controller and Chief Accounting Officer